According to Santiment data, Bitcoin is approaching a significant threshold. The number of wallets holding at least 100 BTC is nearing 20,000. At current prices, a wallet holding 100 BTC is worth approximately $6.78 million.
These types of wallets are typically managed by high-net-worth individuals, institutional investors, funds, or long-term holders. Growth in this segment during price pullbacks is generally considered a positive indicator. Accumulations made during weak periods reflect confidence in long-term fundamentals.
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Bitcoin Holders Approaching a New Threshold
According to Santiment data, Bitcoin is approaching a significant threshold. The number of wallets holding at least 100 BTC is nearing 20,000. At current prices, a wallet holding 100 BTC is worth approximately $6.78 million.
These types of wallets are typically managed by high-net-worth individuals, institutional investors, funds, or long-term holders. Growth in this segment during price pullbacks is generally considered a positive indicator. Accumulations made during weak periods reflect confidence in long-term fundamentals.